Sunday, October 14, 2018

Joshua Gans on blockchains, teams, and the startup (Covee) that wants to combine them

From Joshua Gans, who is one of the most thoughtful commentators on matters digital:

Can the blockchain make teams work?

"For context, here is the problem Covee are trying to solve. When you have teams of knowledge workers who need to come together for a project, we rely on businesses to manage and coordinate those teams. This is because you need to find the right people to perform the team’s tasks and then you need to ensure that everyone does what they are supposed to. Businesses solve that problem by making team members employees and learning about them. They can then use this to review performance and reward or punish them as need be. Covee wants to take the business out of the equation and, as much as possible, replace it with an algorithm on the blockchain. In doing so, it has to automate what the businesses were doing."

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